Exhibit 10.7
August 6, 2018
Via Electronic Mail and First Class Mail
Bluerock Real Estate, L.L.C.
712 Fifth Avenue, 9th Floor
New York, New York 10019
Attention: Michael Konig
Email:mkonig@bluerockre.com
Bluerock Real Estate Holdings, LLC
712 Fifth Avenue, 9th Floor
New York, New York 10019
Attention: Michael Konig
Email:mkonig@bluerockre.com
| Re: | Notice of Renewal of Administrative Services Agreement dated October 31, 2017 (the “Agreement”), by and between Bluerock Real Estate, L.L.C. (“BRRE”) and Bluerock Real Estate Holdings, LLC (“BREH,” and together with BRRE, the “Bluerock Entities”), and Bluerock Residential Growth REIT, Inc. (the “REIT”), Bluerock Residential Holdings, L.P. (the “OP”), Bluerock TRS Holdings, LLC (the “TRS”), and Bluerock REIT Operator, LLC (“REIT Operator,” and together with the REIT, the OP and the TRS, the “Company”). |
Gentlemen:
The Company hereby notifies the Bluerock Entities that pursuant to Section 9.1 of the Agreement, the Company elects to renew the Agreement for an additional one-year term, to expire on October 31, 2019.
Please let me know if you have any questions.
| | Sincerely, | |
| | | |
| | /s/ Jordan B. Ruddy | |
| | | |
| | Jordan B. Ruddy | |
| | Chief Operating Officer and President |
| | Bluerock Residential Growth REIT, Inc. |
| Cc: | R. Ramin Kamfar (via email) |
